USDJPY Forecast

The USDJPY had another insignificant movement yesterday. There is only about 30 pips movement up and down since Monday. There are no changes in my technical outlook. The bias remains neutral in nearest term and overall price is still in a long period of consolidation, moving sideways since five months ago. I still prefer to have a long term perspective, seeing area above 75.56 as a buy zone expecting a bullish reversal scenario with a tight stop loss below 75.56.

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